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The Geography of Recession
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To understand how place shapes economics, we need to take a giant step back from the gloom and doom of the current moment and examine the long-term picture of why different regions follow different economic paths.
Stratfor , June 2, 2009
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Rethinking the Financial Network
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In the present financial crisis the flight is of capital, not humans. Yet the scale and contagious
consequences may be no less damaging.
Bank of England, April 2009 , Andrew G Haldane
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Ecology for bankers
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There is common ground in analysing financial systems and ecosystems, especially in the need to identify
conditions that dispose a system to be knocked from seeming stability into another, less happy state.
Nature, Vol 451|21 February 2008 , Robert M. May, Simon A. Levin and George Sugihara
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Models
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"This article analyzes the methodology of modeling in the physical sciences and in finance."
Financial Analysts Journal, January/February 2009, Vol. 65, No. 1: 28-33 , Emanuel Derman
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'Atlas Shrugged': From Fiction to Fact in 52 Years
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"If only "Atlas" were required reading for every member of Congress and political appointee in the Obama administration. I'm confident that we'd get out of the current financial mess a lot faster."
Wall Street Journal, 09.01.2009 , Stephen Moore
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Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?
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Data learned from personal experience has a greater influence on personal decisions than knowledge obtained from books or study, consistent with the notion of Depression Babies. The literature also suggests that, when learning from personal experience, recent events tend to get disproportionate weight. Low-probability events are under-weighted until they occur, and over-weighted once they occur
Working Paper, August 2007 , Ulrike Malmendier, Stefan Nagel
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Teenagers: A Natural History
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"The adolescent brain, he says, differs from that of the adult in almost every conceivable way. And he goes further: his main contention is that the state of adolescence has been the key event in the success of mankind as a species."
FT Book Review by Alan Cane, January 31 2009 , David Bainbridge
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"Detroit Should Get Cracking on its Googlemobile: Carmakers need to let go of their musty business models and start thinking like 21st century companies—like Google"
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A pathbreaking story on the future of the car industry. And why they've failed at re-thinking their business model.
Business Week, 29.01.2009
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The Making of an Investment Banker: Stock Market Shocks, Career Choice, and Lifetime Income
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The Journal of Finance, Volume 63 Issue 6 (December 2008) , PAUL OYER
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While a Magician Works, the Mind Does the Tricks
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Eye-grabbing distractions — to mask a palmed card or coin, say — are only the crudest ways to exploit brain processes that allow for more subtle manipulations, good magicians learn.
The New York Times, August 11, 2008 , Benedict Carey
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